Bullseye Company manufactures dartboards. Its standard cost information follows:

Standard QuantityStandard Price (Rate)Standard Unit CostDirect materials (cork board)3.5sq. ft.$1.50per sq. ft.$5.250Direct labor1hrs.$15.80per hr.15.80Variable manufacturing overhead (based on direct labor hours)1hrs.$1.45per hr.1.45Fixed manufacturing overhead ($112,700/98,000 units)1.15

Bullseye has the following actual results for the month of September:

Number of units produced and sold88,000Number of square feet of corkboard used308,700Cost of corkboard used$480,690Number of labor hours worked93,000Direct labor cost$1,376,400Variable overhead cost$132,990Fixed overhead cost$117,700

Required:

1 & 2.Prepare the journal entries to record the direct materials, direct labor and related variances for Bullseye. Assume the company purchases direct materials as needed and does not maintain any ending inventories.(Do not round your intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)